Low Income Apartments and Affordable Housing For Rent in Glen Lyn, VA

Discover affordable housing in Glen Lyn where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Giles County Housing and Development

100 Pine Crest Ln, Glen Lyn, Virginia 24093

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Glen Lyn, Virginia
$17.14/hour
$5.14 (+43%) more than Virginia minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Glen Lyn, Virginia Affordable Housing ↓

What HUD offices serve Glen Lyn, Virginia?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Glen Lyn, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Glen Lyn, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Glen Lyn.

How many renters live in Glen Lyn, Virginia?

The City of Glen Lyn has 78 people living in 29 households.

There are 17 renters living in 6 renter households in this City. Renters make up 21.79 percent of the population living in Glen Lyn.

What is the rental market like in Glen Lyn, Virginia?

There are an estimated 29 housing units in the Glen Lyn area. Of these, 6 units are rental homes, making up 21 percent of the housing market. For every renter household in Glen Lyn, Virginia, there are 1 rental units.

What is the vacancy rate for rentals in Glen Lyn?

The rental vacancy rate in Glen Lyn is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Glen Lyn for each bedroom size?

Occupied Rental Units by Size in Glen Lyn
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 2 2 0 2
Occupied Rental Units by Size in Glen Lyn

A large number of apartments in Glen Lyn have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Glen Lyn are overburdened by housing costs?

Among renter households in this market, 33 percent have housing cost burden. Further, 33 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Glen Lyn

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $742 to $1,245. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $742
One BR $806
Two BR $905
Three BR $1,179
Four BR $1,245
2024 Fair Market Rents in Glen Lyn, Virginia

How many units are rented at Fair Market Rent (FMR) in Glen Lyn?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 0 100 percent
Two BR 2 100 percent
Rental Units Below FMR in Glen Lyn, Virginia

How many affordable rental units are in Glen Lyn?

There are a variety of federal affordable housing programs serving households in Glen Lyn, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 14
Tracked Units by Federal Program in Glen Lyn, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Glen Lyn, Virginia

Glen Lyn features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Glen Lyn, Virginia

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Glen Lyn.

Housing Choice Vouchers in Glen Lyn, Virginia

On average, Section 8 Housing Choice vouchers pay Glen Lyn landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Glen Lyn.

The maximum amount a voucher would pay on behalf of a low-income tenant in Glen Lyn, Virginia for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.